"Global Dietary Supplements Market in Emerging Regions: Distribution Channel Forecasts 2021-2028"

 

Dietary Supplements Market Outlook

The global dietary supplements market has witnessed remarkable growth over the years, driven by increasing health consciousness, lifestyle changes, and the pursuit of holistic well-being. Distribution channels play a pivotal role in ensuring that these products reach consumers effectively. dietary supplements market and is expected to reach USD 125291.93 million in 2025 from USD 80055.20 million in 2018. however, non-store-based segment is the fastest growing market, which is expected to grow at a cagr of 7.57% during the forecast period 2019 - 2025.

v Increasing awareness of the health benefits of dietary supplements

v Growing aging population

v Rising disposable incomes

v Increasing availability of dietary supplements

The global dietary supplements market is segmented by distribution channel into:

v Store-based

v Non-store-based

Store-based distribution channels are the largest segment of the global dietary supplements market, accounting for over 60% of the market share in 2023. This is due to the fact that store-based distribution channels offer consumers a wider range of products to choose from and the convenience of being able to purchase dietary supplements in person.

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However, the non-store-based distribution channel is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing popularity of online shopping and the growing adoption of e-commerce globally. Online retailers offer consumers a wider range of products to choose from and lower prices than store-based retailers. Additionally, online retailers offer the convenience of being able to shop from anywhere and at any time.

These companies offer a wide range of dietary supplements products, including vitamins, minerals, herbal supplements, and sports nutrition products.

Key trends in the global dietary supplements market include:

v Growing demand for personalized nutrition

v Increasing popularity of plant-based dietary supplements

v Growing adoption of e-commerce

Personalized nutrition is a growing trend in the dietary supplements market, as consumers are increasingly looking for nutrition solutions that are tailored to their individual needs. This is driving the demand for dietary supplements that are designed to address specific health concerns, such as weight loss, heart health, and cognitive function.

Plant-based dietary supplements are also becoming increasingly popular, as consumers are looking for natural and sustainable ways to improve their health. Some popular plant-based dietary supplements include turmeric, ginger, and ashwagandha.

E-commerce is becoming an increasingly important distribution channel for dietary supplements globally. Consumers are finding it convenient and affordable to purchase dietary supplements online. Additionally, e-commerce retailers offer a wider range of products to choose from than traditional brick-and-mortar retailers.

The global dietary supplements market is a large and growing market. The market is being driven by a number of factors, including the increasing awareness of the health benefits of dietary supplements, the growing aging population, and rising disposable incomes. The market is expected to grow at a significant CAGR over the next few years.

The non-store-based distribution channel is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing popularity of online shopping and the growing adoption of e-commerce globally.

Key challenges facing the global dietary supplements market include:

Strict government regulations: Dietary supplements are regulated by a variety of government agencies around the world. These regulations can vary from country to country and can be complex and time-consuming to comply with.

Concerns about product quality and safety: There have been some concerns about the quality and safety of dietary supplements. For example, some dietary supplements may contain harmful ingredients or may not contain the ingredients that are listed on the label.

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Competition from other healthcare products: Dietary supplements face competition from other healthcare products, such as over-the-counter medications and prescription drugs.

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